More detail

1) Strategic Innovation Investment:

Use the Eisenhower Matrix to show your allocation to Strategic projects. For a portfolio this means you split investment into matrix similar to this:

NB – people take offence when their projects are categorised as “unimportant”, so it’s prudent to use “high & low priority” instead.

2) Innovation Type:

Categorise your innovation projects by type of innovation:

“BAU”: A % of your team’s time is allocated to innovation projects. e.g “One in Ten” in many organisations.

“Incremental”: Fold-in regular innovation opportunities to your delivery approach. e.g. in Agile delivery methods, this can be a natural part of your iteration; the team is able to innovate to solve real problems.

“Step Change”: Investment in high-risk experiments, and activities that are permitted to fail, in order to open significantly different, novel opportunities.